Key points from FiinRatings Monthly Newsletter – January 2023:

HIGHLIGHTS

On December 17th, 2022, at the 5th Vietnam Economic Forum, as the only business representative to deliver a presentation at the second session with the theme “Towards a healthy financial and real estate markets for sustainable economic development in and beyond 2023”, Mr. Nguyen Quang Thuan, FiinRatings’ CEO discussed topic “Restoring the Confidence in Corporate Bond Market to support the Economic Growth and toward a Sustainable Development”. See more detail here.

On December 27^th, 2022, Mr. Nguyen Quang Thuan participated in the talk show: “Economic Forecast: Overcoming the headwind 2023” organized by the Vietnam Chamber of Commerce and Industry (VCCI) to analyze the big picture of the global economy and identify trends and business opportunities for the coming year. See more detail here.

MARKET UPDATES

In December 2022, the corporate bond market was still relatively gloomy when there were 13 issuances with a value of 4.09 trillion VND. Although the issuance scale increased by 2.4 times compared to the previous month, it only reached 2.89% of the total value. The issuance scale was mainly from 3 bond lots of BIDV with a value of 3.47 trillion VND (range of interest 8.5%-9.1%). Besides, the notable issuers came from Real Estate and other sectors.

Also, in this month, the spotlight of the bond market was the main change of Decree 65. The revised draft mentioned that several conditions will be postponed until 2024 and allowed to swap and change the time to maturity. Therefore, the pressure to meet the standard or adapt to the changes for business and investors can be reduced partly.

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